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Memsic(MEMS) provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. This stock is trading up 21.4% to $4.59 in recent trading.
Today's Range: $3.76-$4.64
52-Week Range: $1.97-$4.00
Three-Month Average Volume: 68,838
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From a technical perspective, MEMS has triggered a major breakout trade today once the stock took out some near-term overhead resistance at $4 with big volume. This move has pushed MEMS into 52-week high territory, which is bullish price action.
Traders should continue to look for long biased trades in this stock as long as it close near its daily high today of $4.40.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.